Innovate Finance Comments on New PM Andy Burnham, Cabinet and Fintech

The new Prime Minister, Andy Burnham, raises many questions for the entrepreneurial class, including the key Fintech sector. Innovate Finance, an advocacy group supporting innovation in financial services, has distributed an email sharing thoughts on the new government. Many pundits note that Burnham will swing… Read More

Global Dollar Bank Augustus Raises $180 Million at $1 Billion Valuation

Alexander Hamilton Money Dollars USD

“Global dollar bank” Augustus has raised $180 million at a $1 billion valuation, according to a release. The Series B funding round was led by Tiger Global. Other investors include Hummingbird, QED, and the founders of Nubank, Ramp, Circle, and Deel. Augustus’ management team includes… Read More

UK Fintech Funding Slows in First Half of 2026

UK Fintech funding slowed in the first half of 2026, according to a new report. In total, $1.5 billion was raised during the first 6 months of 2026, down 26% from the same period the year prior and a decline of 35% from the last… Read More

Consumer Fintech Chime Expands Financial Tools with New Investing Feature

Consumer fintech Chime (NASDAQ: CHYM) has introduced Chime Invest, integrating stock and ETF trading directly into its popular mobile banking platform. The launch aims to simplify wealth-building for everyday users who already rely on the app for daily banking activities like receiving direct deposits, making… Read More

Digital Bank Revolut Achieves Key Milestone with Full Banking Launch in Australia 

Digital banking provider Revolut has taken a significant step forward in its global expansion by officially establishing Revolut Bank Australia. This development follows the granting of an unrestricted Authorised Deposit-taking Institution (ADI) licence by the Australian Prudential Regulation Authority (APRA), representing the company’s first full… Read More

FIS and Anthropic Extend Partnership to Deploy Advanced AI Agents in Banking 

FIS (NYSE: FIS), a global financial technology provider, and Anthropic, an AI safety and research focused company, have announced the expansion of their strategic partnership. This development focuses on integrating sophisticated agentic artificial intelligence into core banking functions, with an initial emphasis on combating financial… Read More

Lumin Digital Secures $70M in Financing from Clients

Clients of Lumin Digital have poured more than $75 million into the company, underscoring their strong belief in its future as a key player in cloud-based banking technology. This client-led investment highlights a distinctive model where financial institutions not only use the platform but also… Read More

Fintech Mambu Achieves SWIFT Business Connect Certification, Expanding Global Payment Capabilities

Mambu, a cloud-native banking platform designed for modern financial services providers, has secured certification as an official enabler for SWIFT’s Business Connect and associated value-added services. This milestone grants participating institutions seamless, managed access to SWIFT’s extensive international network, encompassing approximately 12,000 financial entities worldwide,… Read More

Alpaca’s $135M Round Leads Busy Week of Fintech Funding, Acquisitions

Brokerage infrastructure provider Alpaca raises $135M Peak XV led the raise with participation from Elefund, Opera Tech Ventures, the venture capital arm of BNP Paribas Group, and Unbound. It follows Alpaca’s $150 million Series D from January, which valued the company at $1.15 billion. Flex… Read More

American Fintech Council Asks Oregon to Reconsider Proposed Rules for Buy Now, Pay Later (BNPL) Providers

The American Fintech Council (AFC) has sent a comment letter to the Oregon Department of Consumer and Business Services (DCBS), Division of Financial Regulation, asking for a “more tailored” regulatory treatment of buy now, pay later (BNPL) providers. Currently, Oregon intends to treat these platforms like… Read More

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